Bid & Tender
SEC Seeks Private Investors for 5,400MW Projects

Date : Oct 04, 2016

Saudi Electricity Company (SEC), in a major move, is set to invite private investors to participate in creating an additional 5,400 megawatts of generating capacity across the kingdom, according to a report.

 

These power projects are likely to be executed in phases, said a report citing a Saudi Electricity statement.

 

Saudi Arabia's economic reform plans, announced this year, focus on saving the government money by introducing public-private partnerships, in which private firms would provide much of the financing for projects and then operate them to earn profits, stated the report.